Dick Olver

Sir Richard Olver

Sir Richard Olver joined BP in 1973. His early career involved a wide range of oil, gas and refining projects in Britain, Canada, Scotland, the Middle East and Norway. 

He was appointed Vice President, BP Pipelines Inc. in 1979. In 1983 he became Divisional Manager for new technology with responsibility for offshore, Arctic and enhanced oil recovery technology development.

In April 1992 Sir Richard became Chief Executive, BP Exploration, USA, where he led BP's growth in deep water exploration in the Gulf of Mexico. In 1995 he became Deputy Chief Executive of BP Exploration. 

He was appointed to the board of BP and became CEO of Exploration and Production in 1998. Sir Richard led the Upstream E&P business of BP for 5 years and became Deputy Group Chief Executive in 2003, a position he held until July 2004.

Board Mandates

Sir Richard was Chairman of BAE Systems, Europe's largest defence company, from 2004 until early 2014. He was a Non-Executive Director of Reuters, subsequently Thomson Reuters, until December 2008. 

He was also Deputy Chairman of TNK-BP, the largest inward investment ever made in Russia, from July 2004 until October 2006. 

Sir Richard is currently a Director of a US private Shale Business and Chairman of a private Exploration Company in Eastern Europe.

He is a Fellow of the Royal Academy of Engineering, the Institution of Civil Engineers and the City and Guilds London Institute.

Sir Richard is an Advisor to Clayton Dubilier & Rice and to HSBC. He is a UK Business Ambassador and, until recently, was a member of the Prime Minister's Business Advisory Group.


Sir Richard was knighted in 2013 for services to Business and contribution to UK Corporate Governance. He is a recipient of several honorary doctorates from universities in the UK.

He was awarded the 2015 President's Medal by the Royal Academy of Engineering.

In 2012 he was The Sunday Times Non-Executive Director of the Year.

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